HK Stock Market Move | Eastroc Beverage (09980) fell more than 3%, with its stock price hitting a new low since its IPO. Its performance in the fourth quarter of last year was below expectations.

Eastroc Beverage (09980) fell more than 3%, hitting a new low of 198 Hong Kong dollars in intraday trading. As of the time of writing, it has dropped by 3.12% to 198.6 Hong Kong dollars with a trading volume of 20.8415 million Hong Kong dollars. In terms of news, Eastroc Beverage's performance in 2025 showed that the company achieved a full-year operating income of 20.875 billion yuan, an increase of 31.80% year-on-year; net profit attributable to shareholders was 4.415 billion yuan, an increase of 32.72% year-on-year. Its core product, Dongpeng Special Drink, has successfully entered the 15 billion yuan single product camp, with a full-year revenue of 15.599 billion yuan, a year-on-year increase of 17.25%. In 2025, the company achieved an operating income of 4.031 billion yuan in the fourth quarter alone, a year-on-year increase of 22.88%; and a net profit attributable to shareholders of 0.654 billion yuan, a year-on-year increase of 5.66%. Industrial pointed out that the revenue growth rate in Q4 has decreased, but overall, Dongpeng Special Drink has been stable throughout the year, with rapid growth in its hydration products. In 2025, Dongpeng Special Drink's revenue was 15.599 billion yuan, a year-on-year increase of 17.3%, accounting for 74.8% of the total revenue. The company's national layout has progressed smoothly; Q4 revenue increased by 9.3% year-on-year, slightly slower compared to previous quarters, mainly due to inventory control and the impact of the Spring Festival. Bank of America Securities revised down the company's earnings per share forecast for 2026 and 2027 by 4% and 5%, respectively, to reflect last year's fourth quarter performance falling short of expectations.